1460 Marlton Pike | Cherry Hill, NJ 08034
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1460 Marlton Pike
Cherry Hill, NJ 08034
Retail Property For Sale
Investment Highlights
- Single tenant Fulton Bank (NASDAQ: FULT | Moody’s: Baa1) located along Route 70 (56,848 VPD), at an exit ramp off I-295 (114,935 VPD)
- Deposits have seen a dramatic increase at this location over the past three years (2019 - $57.4M; 2020 - $71.1M; 2021- $114.0M)
- Tremendous traffic exposure, and ingress/egress available from both directions off Route-70
- Absolute net lease structure offering an investor a passive investment opportunity
- The lease structure has 2% annual rental increases through the remainder of the term, and 3% increases in the option periods
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
2,500 SF
Building Class
C
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Zoning
C - Commercial
Parking
24 Spaces (9.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 09-00463-11-00001 | Improvements Assessment | $480,600 |
| Land Assessment | $353,600 | Total Assessment | $834,200 |
PROPERTY TAXES
Parcel Number
09-00463-11-00001
Land Assessment
$353,600
Improvements Assessment
$480,600
Total Assessment
$834,200
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